National Real Estate Blog

Escrow by definition is: "A financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled."Escrow explained without the h [Read More]

Article 11 of the Realtor Code of Ethics states in part:Realtors shall not undertake to provide specialized professional services concerning a type of property or service that is outside their field of competence unless they engage the assistance of one who is competent on such types of property or [Read More]

The White House is feeling pressure to start doing more for our Veterans. So theyve started an initiative asking the Fab-5 to scour through their databases and find those VA deals where it would make sense to do a streamline refinance. Well it got us thinking, why should the Fab-5 be the only lender [Read More]

Illinois home sales see uptick in June;Prices continue annual upward trendIllinois home sales reversed course in June with statewide home sales experiencing a slight year-over-year gain for the first time this year. Home prices continued to climb and marked the 22nd consecutive month of annual incre [Read More]

According to the National Association of Realtors (NAR), for the first time since the fall of 2013 existing home sales, which include single family homes, town-homes, condominiums and co-ops have increased 2.4%, reaching an annual pace of over 5 million sales."Inventories are at their highest level [Read More]

According to, Advancing eMortgage, a team developed to study e-mortgages by mortgage giant, Fannie Mae, an electronic mortgage process could, in fact, cut up to 30 days off the time it takes to close a loan.It could also save the mortgage industry an average of nearly $1 billion a year in paper!Adva [Read More]

According to a blog written by Graham Wood, senior editor for Realtor Magazine, two issues with notable shock value that were mentioned at the recent National Association of Realtors (NAR) convention were as follows:1. Tax reform could hurt the Mortgage interest tax deduction (MID)The Mortgage inter [Read More]

Located in Old Saybrook, Connecticut http://www.oldsaybrookct.org/Pages/index on the borough of Fenwick, Oscar-winning actress Katharine Hepburn's seaside home is now back on the market at a reduced price.Originally put on the market for $30 million, the new owners, Frank and Barbara Sciame Jr., rem [Read More]

California Assoc. of Realtors has decided to out their "Code of Ethics" violators....but only to their own members. In a move to increase professionalism and spotlight problem members the CAR will be soon be publishing the names and photos of members that violate the Real Estate code of Ethics in a [Read More]

Off the shores of Connecticut, lay two lighthouses that will go up for sale in the summer of 2014 for the price of a plan that will preserve the beacons.This is a two-step process, according to the National Historic Lighthouse Preservation Act of 2000.The first step is that the Straford Shoal Light [Read More]

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